BlackRock Bitcoin Fund Hits ‘Absurd’ Growth, Eyes $100B AUM
According to market reports, BlackRock’s iShares Bitcoin Trust (IBIT) has climbed to the edge of a major milestone, with assets under management roughly between $98 billion and $100 billion. Related Reading: After Nearly $80 Billion In Bitcoin, Saylor Says It’s Time To Pause – For Now In just over a year since launch, the fund […]
Related News
Amid growing institutional adoption of cryptocurrencies, it seems as though that Blackrock, the world’s largest asset manager, has now set its eyes on the rapidly expanding crypto space. Back in January, Bloomberg reported that Blackrock was adding Bitcoin futures as eligible investments in two of its funds — the first time the firm had offered […]
BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains. Related Reading: Vietnam To Test Crypto Market Over 5 Years With Heavy Rules Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund […]
According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock In mid-April 2022, Circle detailed that the company entered an investment agreement with Blackrock Inc., Fin Capital, Fidelity Management and Research, and Marshall Wace LLP. The investment was a....
The world’s largest asset manager, Blackrock, has launched a blockchain exchange-traded fund (ETF). The fund, trading on the NYSE Arca, gives investors exposure to “companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.” Blackrock Debuts Blockchain ETF Blackrock, the world’s largest asset manager with $10 trillion in assets under management, announced the launch of its Ishares Blockchain and Tech ETF (ticker: IBLC) Wednesday. The new exchange-traded fund (ETF) is trading on the NYSE Arca. The asset....
Financial management behemoth BlackRock has made another move in its approach to blockchain by starting a fund for big clients on the Solana network. Reports from Fortune say that this fund, called the USD Institutional Digital Fund (BUIDL), is now available on seven different blockchain platforms. Related Reading: Solana Co-Founder Challenges Layer 2s—Are They Even […]